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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Too far, too fast
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Jan 07, 2010 05:09PM

Jan 08, 2010 04:09AM

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Jan 08, 2010 10:19AM

Jan 08, 2010 10:57AM

Hi Dondon

Yes I was a little premature I knew that but the top is near I think.What Jurek posted is also true.The shift from major stocks towards small caps is the last run mostly in the markets.Today I sold my Total shares as well.I don't care how much I didn't get the only I knew is I locked in 65 % so far since November and that counts.

Banks also tend to use targets to sell against the private investors.In comparison to past year there is not so much changed only the fact pod 1 is near design production but instead we have a double of shares as well.2.75 is possible further down the road in 2010 when Algar is a running pod.I took profit based on some chart pattern which are overbought right now .I can't imagine we don't have heavy resistance at 1.68 which was last top based on the candlesticks.So I expect a pull back maybe next week .I hope to jump in lower .


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